Monday, November 07, 2011 4:38:57 PM
Sprott's John Embry Endorses AUMN
The following was posted in the November 18, 2011 issue of Investor's Digest (Issued two weeks prior to posted date). This endorsement undoubtedly caused the $1.29 advance on November 3, 2011.
"Yet, this has created some fabulous buying opportunities, one of which is Golden Minerals Co. (AUM-TSX, $7.40).
Golden Minerals has traded as high as $29.50 a share in the past 12 months; so, at its current price, it's available at almost 75 per cent off.
Ironically, since achieving its peak price, Golden has bought ECU Silver Mining on very good terms, giving it potential production in two very prospective areas.
On its own, Golden Minerals had an extensive portfolio of advanced precious metals prospects in both South and Central America.
To this, ECU Silver will contribute some production in Mexico, as well as a lot of potential to grow reserves.
Golden Minerals' management is considered to ber an asset, it has considerable cash on its balance sheet and rumors about of a massive short interest in the stock.
On the next major move up in gold and silver, Golden Minerals could truly become golden."
John Embry is chief investment strategist at Sprott Asset Management in Toronto.
http://agoracom.com/ir/GoldenMinerals/forums/discussion/topics/506315-sprott-s-john-embry-endorses-aumn/messages/1610380#message
Recent AUMN News
- Form 8-K - Current report • Edgar (US Regulatory) • 09/06/2024 02:56:07 PM
- Golden Minerals Announces Intent to Sell El Quevar Silver Project and Provides Corporate Update • Business Wire • 09/03/2024 10:45:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/16/2024 09:04:46 PM
- Golden Minerals Reports Second Quarter 2024 Financial Results • Business Wire • 08/14/2024 10:45:00 AM
- Golden Minerals Announces Chief Financial Officer Retirement and Appoints New Chief Financial Officer • Business Wire • 08/05/2024 10:45:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/02/2024 08:36:53 PM
- Golden Minerals Provides Corporate Update • Business Wire • 08/01/2024 10:45:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/16/2024 05:01:04 PM
- Golden Minerals Announces Closing of Sale of Velardeña Mine and Associated Facilities and Delay of Closing in Sale of Velardeña Oxide Plant and Water Wells • Business Wire • 07/15/2024 10:45:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/09/2024 08:21:21 PM
- Golden Minerals Receives Continued Listing Standard Notice From NYSE American • Business Wire • 07/09/2024 10:45:00 AM
- Golden Minerals Announces CEO Retirement and Replacement and Board Changes • Business Wire • 06/18/2024 10:45:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/14/2024 08:05:50 PM
- CORRECTING and REPLACING Golden Minerals Reports First Quarter 2024 Financial Results • Business Wire • 05/14/2024 01:56:00 PM
- Golden Minerals Reports First Quarter 2024 Financial Results • Business Wire • 05/14/2024 10:45:00 AM
- Golden Minerals Announces Sale of Velardeña Assets and Unifin Settlement • Business Wire • 05/10/2024 10:45:00 AM
- Golden Minerals Announces Return of El Quevar Silver Project • Business Wire • 03/27/2024 10:45:00 AM
- Golden Minerals Reports Full Year 2023 Results • Business Wire • 03/19/2024 10:45:00 AM
- Golden Minerals Announces Passing of Director W. Durand Eppler • Business Wire • 03/05/2024 11:45:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/04/2024 10:18:30 PM
- Golden Minerals Stops Mining Operations at its Velardeña Properties • Business Wire • 02/29/2024 11:45:00 AM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/14/2024 01:03:10 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/26/2024 07:53:16 PM
- Golden Minerals Begins Mining Operations at Velardeña Silver-Gold Properties • Business Wire • 01/23/2024 11:45:00 AM
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